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Piecing Together the SIOP Process

The Logistics & Supply Chain Management Society

Sales, Inventory, Operations Plan (SIOP) is a process within many successful supply chain organizations that recognizes the integral relationship between all departments in the company, but how do you piece together an SIOP process? SIOP stands for “Sales, Inventory, Operations Plan”, not to be confused with “S&OP”.

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Why Have We Not Reduced Inventory?

Supply Chain Shaman

This year supply chain leaders will celebrate thirty years of progress in supply chain management; but we have not made progress on one of the funamentals: inventory management. I think that it is time for us to take the litmus test and ask the hard questions, “Have our practices impacted days of inventory? I want to believe.

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The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

Establishing a robust performance monitoring system with key performance indicators (KPIs) and metrics is crucial. Failure to establish Credit Terms or not confirming routing details could lead to unnecessary delays.

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Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains

The Logistics & Supply Chain Management Society

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

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Supply Chain and Finance: Shared Metrics Drive Business Success

Tecsys

In the January-March 2018 issue of APICS magazine, APICS CEO Abe Eshkenazi contends that if supply chain leaders bring business success then that makes them business leaders. The post Supply Chain and Finance: Shared Metrics Drive Business Success appeared first on Tecsys.

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Halal Cluster Network: Connecting regional halal clusters

The Logistics & Supply Chain Management Society

Strategic product segmentation, sourcing and inventory management. Analyzing real-time insights and historical performance using AI, delivers key metrics on availability and service levels. This is often due to lack of key information – product location, available-to-promise inventory or a realistic customer delivery date.

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What Is Economic Order Quantity and What Are Its Challenges?

Locus

Ford Whitman Harris first published the model of Economic Order Quantity in a paper Factory, The Magazine of Management , in 1913. It is an ideal order quantity that a company needs to satisfy a given level of demand, minimize inventory costs, and avoid stockouts. It is the cost incurred to store an inventory. Let’s dive in!